Altrad Prices Successful Inaugural Bond Issuances with Significant Investor Demand
Montpellier, France – June 18, 2025 – Altrad, a global leader in industrial services, is pleased to announce the successful issuance of its inaugural public bonds, following the company’s recent obtention of an investment grade rating of BBB- from S&P Global Ratings. The bond attracted exceptional investor interest, with an order book exceeding €6 billion for an initial expected offering size of €1 billion – a testament to the market’s confidence in Altrad’s strategy, performance and credit quality.
In response to the strong investor demand, Altrad decided to upsize the transaction to €1.25 billion, issuing:
- €550 million in a 4-year tranche priced at MS+155bps and an annual rate of 3.704%
- €700 million in a 7-year tranche priced at MS+205bps and an annual rate of 4.429%
Both tranches were significantly oversubscribed, with the total order book remaining above €6 billion throughout the process.
Key Highlights:
- Inaugural bond issuances of €1.25 billion
- Over €6 billion in total demand, more than 5 times oversubscribed
- Strong investor confidence following recent BBB- investment grade rating
- Reinforces Altrad’s position as a financially disciplined and globally trusted industrial partner
